Catenaa, Tuesday, November 25, 2025- US Consumers soured in November on the current economy and their prospects for the future, with worries growing over the ability to find a job.
According to a Conference Board survey released Tuesday, the board’s Consumer Confidence Index for November slumped to 88.7, a drop of 6.8 points from the prior month for its lowest reading since April.
In addition, the expectations index tumbled 8.6 points to 63.2 while the present situation index slipped to 126.9, a decline of 4.3 points.
“Consumers were notably more pessimistic about business conditions six months from now,” said Dana Peterson, the board’s Chief Economist. “Mid-2026 expectations for labor market conditions remained decidedly negative, and expectations for increased household incomes shrank dramatically, after six months of strongly positive readings.”
A key reading within the report that measures job expectations showed deterioration.
The share of workers saying that jobs are “plentiful” slid to 6%, down from 28.6% in October, and reflective of the “no-hire no-fire” current job climate shown in other data points.
Another question asking whether jobs were “hard to get” edged lower to 17.9%, a drop of 0.4 percentage points.
Those results come the same day that payroll processing firm ADP reported that private companies shed an average of 13,500 jobs over the past four weeks. Moreover, the Conference Board survey is consistent with other measures showing weakening sentiment among consumers.
For instance, the University of Michigan’s sentiment gauge dropped 4.9% in November on a monthly basis and was off 29% from a year ago.
The weakening numbers have coincided with public statements from several key Federal Reserve officials who believe further interest rate reductions are warranted. Traders are pricing in a high probability that the Fed lowers its key borrowing rate by another quarter percentage point in December.
